FORMULA ONE™ OVERVIEW

• Formula One™ History
• Formula One™ Management
• Rules & Regulations
• Formula One™ Teams
• Formula One™ Circuits

FORMULA ONE™ OVERVIEW

The Ultimate Test of Technology & Speed

Formula One™, also known as Grand Prix racing, is the highest class of single-seat open-wheel formula auto racing. It is a worldwide sport, involving an annual World Drivers Championship and World Constructors Championship, and is the most expensive sport in the world, as annual team budgets average in the hundreds of millions of US dollars. It is based around a series of races (19 in 2010), known as grands prix, on custom-constructed courses or closed-off street circuits.

The sport has traditionally been centred in Europe, which undoubtedly remains its leading market, but races have also been held in the Americas, Africa, Asia, and Australia. New races in Bahrain, China, and in Turkey, and others discussed for Mexico, India, Russia and South Africa have reinforced the sport's "worldwide" image. The sport is regulated by the FIA, Federation Internationale de l'Automobile.